Preserving Financial Stability

Spurred by advances in information and computer technologies, financial liberalization and innovation took off inthe late 1970s. Although the changes in financial markets have been beneficial overall, our understanding of the new risks to financial stability lags behind, as demonstrated by the finan...

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Bibliographic Details
Main Author: Schinasi, Garry
Format: eBook
Language:Chinese
Published: Washington, D.C. International Monetary Fund 2006
Series:Economic Issues
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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520 |a Spurred by advances in information and computer technologies, financial liberalization and innovation took off inthe late 1970s. Although the changes in financial markets have been beneficial overall, our understanding of the new risks to financial stability lags behind, as demonstrated by the financial crises of the past couple of decades. The study of international financial stability - a public good - is still in its infancy. This pamphlet, aimed at stimulating further debate on the subject, proposes a definition of financial stability and a broad framework for safeguarding it without inhibiting its dynamic development or limiting its benefits